On Thursday, Mamdani and New York Governor Kathy Hochul jointly announced a new tax proposal aimed at wealthy people who own second homes in the city. The proposed pied-à-terre tax would tax luxury homes worth more than $5 million and could raise up to $500 million in revenue for New York City,

Treasury Secretary Scott Bessent told workers to update their paycheck withholding. But mistakes could trigger a tax bill next season.

The IRS has said it is committed to "making tax compliance clearer, more accessible, and less intimidating for taxpayers."

The average refund so far is $350 more than last year at this time, despite projections that it would be closer to $1,000 due to Republican-led tax changes as part of the Big Beautiful Bill Act.

You can file an IRS tax extension by April 15 if you need more time on your taxes. Here are some free options.

While last year’s tax law has raised the average I.R.S. refund, the boost is less than the White House expected — and may not have much impact on voters.

The tax filing deadline for most Americans is Wednesday, and the Trump administration is highlighting the impacts of Republicans' massive tax and spending law.

Republicans' major tax cuts benefited the rich most, but because the law went into effect midyear, many companies ended up withholding too much from paychecks.

President Trump’s signature campaign promise focused on eliminating taxes on Social Security benefits. The President declared victory on this issue, indicating that the passage of the One Big Beautiful Bill Act has eliminated taxes on Social Security for the majority of retirees.